Monthly Archives: May 2013

When you think about incorporation, it is typically a decision driven by an accountant because taxation often is the reason why you incorporate your business. That said, taxation should not be the sole reason to incorporate.

You need to look at your business and work with your advisors, specifically your lawyer and accountant in this case, to determine the best course of action.

1. Think About The Risk of Your Business

When I say risk, I mean the potential for lawsuits and getting sued. That should be a primary factor when deciding to incorporate your business or not.

In business, you are only as strong as your weakest link. The value of a great team becomes paramount when I’m speaking with investors or business owners but sometimes I think we spend so much time talking about building a team of advisors that we forget about the internal team.

Your ‘internal team’ is just as important as your ‘external team’ if not more so.

Finding and keeping great employees is really important. When you’re thinking about a great employee, the key is painfully simple: treat them better than the way you want to be treated. Everybody is looking for… Continue reading →

Micromanaging has a bit of a mixed reputation. It’s hardly an adored practice by those who employ it since it can be so tedious and frustrating while trying to juggle your own priorities. Even when you own the business, you can’t make everyone’s jobs within it your priority.

You’ve got to recognize your organization and where you fit in it as well as everyone you have working for you. I’ve mentioned Steve Jobs a few times on my blog because I don’t believe that his management style was appropriate but it obviously built a successful business, right?

I’m a big advocate for continuing education, no matter how old you are or how much you know. I would say I’m pretty lucky because as a Kelowna accountant, I have a lot of people that talk to me about what books they’re reading or what courses they’re taking and I’m always curious to know.

Sometimes, if I’m really lucky, I even get to take the time to pick up some of those books and actually read them! If you’ve ever read any of my book reviews before, you’ll see that all I want to get out of reading is… Continue reading →